Our advisory, tender and reporting service is funded by Audere’s corporate social responsibility budget. What you pay is the payment provider’s margin, agreed in the tender and checked by us. [CONFIRM Q4]
In detail
[DRAFT] Not approved for publication. Every fee, saving and comparative statement below needs compliance sign-off.
What you pay
There is no charge from Charitytransfers.org for the review, the tender, the reporting or the advice. [CONFIRM Q4]
Your payment provider earns a small margin on each exchange rate. That margin is agreed in writing at the tender and does not change without your agreement. [CONFIRM Q4]
We check every rate you receive against an independent benchmark, so you can see the margin you actually paid. [CONFIRM Q11]
An illustrative worked example
Line | Amount |
|---|---|
Annual payments abroad | £1,000,000 |
A typical bank margin | 2.5%, or £25,000 |
A tendered margin | 0.5%, or £5,000 |
The difference | £20,000 |
Illustrative only. Not a quote or a promise of savings. Actual costs depend on currencies, amounts and market conditions.
What is included
The review of your last twelve months of payments.
[CONFIRM Q4]The tender and the side-by-side comparison.
[CONFIRM Q4]Support through onboarding with the provider you choose.
Rate confirmations and a monthly statement.
An annual audit report.
[CONFIRM Q3]Advice on budget rates and policy.
What is not included
The provider's margin on each payment.
Any charges from your own bank.
Hedging products, which are arranged separately and explained before you commit.
[CONFIRM Q4]
Compared with the usual arrangement
The traditional way | How we work |
|---|---|
The margin is hidden inside the rate. | The margin is agreed in writing. |
Nobody checks the rate after the fact. | Every rate is checked against the market. |
Advice comes from the provider selling the product. | Advice is independent of the provider. |
Questions we are asked most
Why is there no fee? [CONFIRM Q4: whether the service may be described as free, or as significantly subsidised, and how the funding is described]
Do you earn anything from the provider? [CONFIRM Q4: any commission or margin share must be stated here]
What does a margin of 0.5% mean in pounds? On a £50,000 payment, £250. [CONFIRM Q18]
Can you help with hedging? Yes, when it suits your risk policy. We explain the cost and the risk before you commit, and we never speculate with charity funds. [CONFIRM Q4]
![[PHOTO PENDING]](https://framerusercontent.com/images/HTwGBGVmspTV9XyTINiGkiG7X9M.jpg?width=720&height=480)
